8 Simple Steps for Selling Your Home
8 Simple Steps for Selling Your Home
There has never been a better time to sell your home in the Bay Area, with sellers routinely receiving multiple over-asking offers within days of listing.
If you are considering selling your home in 2022, here are the steps for the best possible outcome.
Hire the Right Agent
Working with the right real estate agent is one of the most important factors when selling your home. Before doing anything, hire an agent and consult with them regarding the updates you should or shouldn’t make to your home, the right listing price, a realistic timeline, and any other details that may be unique to your situation.
Set a Timeline
We expect home prices to remain in the sellers’ favor throughout 2022. Talk with your agent about the right timeline for selling your home, taking into account the following:
- Predicted shifts in the market
- Work schedule
- School schedule
Remember to account for updates that need to be done, including staging and photos.
Get a Home Inspection
This optional investment may be helpful for you when selling your home if you are concerned there may be major structural or mechanical problems with your home that will be revealed with the buyers’ inspection.
Awareness of necessary repairs will help you anticipate issues during escrow, allowing you to decide whether to repair them now or make concessions during the negotiating process.
Spend Money on the Right Updates and Staging
When selling your home, you want to put the home’s best foot forward. It’s important to spend your money correctly, not wasting money on staging and updates that won’t result in better offers.
Consider your updates and staging as investments in selling your home, and focus on projects with a significant expected ROI.
In general, updates to kitchens and bathrooms have the highest ROI. Fresh paint, a deep cleaning, and neutral decor are easy ways to present your home in its best light.
List Your House
Listing your house is exciting, and your home must be ready. Online listings are the first impression buyers get, so having professional photos, good staging, and the right listing price are essential.
Once your home is listed, have a plan to keep it ready for impromptu showings. Removing clutter and excess furniture to a storage unit or storage containers in the garage may help you keep the home staged and ready for viewing.
Review and Negotiate Offers
When selling your home in the Bay Area in today’s market, you can expect to get multiple offers in a relatively short period. The highest bid may seem like the obvious choice, but take into account other factors, as well, such as:
- How the buyer is paying (cash versus financing)
- Contingencies
- Requests for credits or personal property (such as appliances or furnishings)
- Expected closing date
If you end up with multiple offers, you and your agent may be able to use this situation to work in your favor by negotiating the best deal.
Gather Necessary Closing Paperwork
After accepting an offer, you will enter escrow. To avoid any delays in the process, gather all the necessary paperwork, which may include the following:
- Your original purchase contract
- Mortgage documents
- Permits and certificates of compliance with local building codes
- An appraisal from your home purchase
- Homeowner’s Insurance
- Home inspection report
Steps for Selling Your Home
In the simplest terms, the steps for selling your home are as follows:
- Hire the right agent
- Prepare your home for listing
- Keep your home ready for impromptu viewings
- Negotiate the best offer
- Avoid any delays
To learn more details, let’s talk with Amar REALTOR®
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